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SHFE Copper Closes up RMB 340/mt at RMB 47,390/mt (Oct. 24, 2014)
Oct 24,2014 20:37CST
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Source:SMM
The most active SHFE 1501 copper contract swung by less than RMB 200/mt during Thursday’s night session after starting at RMB 47,230/mt, and closed up RMB 210/mt at RMB 47,260/mt.

SHANGHAI, Oct. 24 (SMM) – The most active SHFE 1501 copper contract swung by less than RMB 200/mt during Thursday’s night session after starting at RMB 47,230/mt, and closed up RMB 210/mt at RMB 47,260/mt. During the night session, trading volumes for the most active contract fell to some 90,000 lots, but positions gained by 11,868 lots.

On Friday, SHFE copper surged to RMB 47,500/mt during the afternoon trading session, and finished up RMB 340/mt, or 0.72%, at RMB 47,390/mt. Trading volumes for the SHFE 1501 copper contract decreased by 10,408 lots, while positions added by 3,298 lots.
 

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